The consequences of cryptocurrency collapse $ Libra are quickly becoming a complete political and legal crisis in Argentina. In the center of everything is President Javier Milei, whose public support for Token earlier this year is now under intense scrutiny. What began as a promotion of striking meme coins has become the freezing of assets, criminal complaints and questions that reach the highest levels of government. The Crypto of Argentina’s $ Libra scandal is a lesson on how political backups can boost speculation and harm everyday investors.
Judge freezes assets, points to the internal circle
Judge María Servini has authorized a freezing about the assets of several people linked to the launch and promotion of $ LIBRA. That includes Mauricio Novelli, Manuel Terrones Godoy and Sergio Morales, who believes that they played key roles to boost the project to the public. Servini did not stop there, she also raised the protections of bank secrecy in the accounts belonging to President Milei and her sister, Karina Milei, who serves as general secretary of the presentation.
On Friday 14, the president of Argentina, Milei, tweeted on the $ Pound Coin, encouraging his followers to buy it claiming that “it would help finance small businesses and new companies.” As if that were enough, he shared a link for people to buy online. Naturally, in a few … pic.twitter.com/BC0I1E0SJ1
– Yanis varoufakis (@yanisvaroufakis) February 19, 2025
The objective of the court is to follow the money. The researchers are trying to determine the IFONE in the internal circle of Milei Financial benefited from the increase in the currency letter before their sudden accident.
A file driven by presidential exaggeration
$ Libra was launched on February 14 with an explosion. That same day, President Milei posted on social networks by praising the Token, which caused a wave of interest of investors. The price shot quickly when Miles bought, assuming that the support of Milei gave the legitimacy of the project. But in a matter of days, the price touched, Leaving many retail investors holding the stock market.
The evidence now points to some of the first experts who sell their holdings just before the decline. This has promoted the suspicions of a coordinated pump and diver scheme and raised serious concerns about the abuse of public influence to obtain private profits.
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Political reaction is being built fast
As expected, the scandal is causing great shaking in the political landscape of Argentina. More than 100 fraud complaints have filed one leg against Milei, and opposition legislators are openly arguing. Congress has launched official investigation, and critics say that the president used his platform to attract citizens to a financial trap.
Milei’s approach ratings are successful, and what was once a high -energy administration and directed by exteriors now faces accusations of betrayal and incompetence. The scandal has begun to eclipse his political agenda and threatens to derail his presidency completely.
Legal problems extend beyond Argentina
The controversy is not limited to local courses. International law firms are reported that the demands for collecting action of bleach in the name of investors from outside Argentina who lost money in $ Libra. Meanwhile, agencies for the application of the Law of the United States, including The FBI and the Department either Justice, Have a notified leg. If financial misconduct crossed the borders or violated international financial laws, this case could grow even more.
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Argentina $ Libra Crypto Scandal: a hard lesson on cryptography and politics
The Fallout $ is emerging as one of the most high profile cryptographic scandals to reach Latin America. It is also a reminder or what can go wrong when political power meets speculative assets. For investors, it is a warning story. For politicians, it is a warning: playing with an exaggeration crypt comes with real world consequences.
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Key control
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The president of Argentina, Javier Milei, is under fire after publicly supporting $ Libra, a meme coin now linked to fraud and freezing of assets.
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A federal judge has frozen active and lifted bank secrecy in accounts linked to Milei and his sister, as part of a broader financial investigation.
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The evidence suggests that the first $ pound income may have thrown their tokens after Milei’s public support triggered a price increase, raising fraud concerns.
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About 100 fraud complaints against Milei have been filed, and Congress launched an investigation and opposition leaders who discuss the accusation.
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International legal actions can follow, since US investors and authorities analyze whether the $ LIBRA scheme violated cross -border financial laws.
The president of the Argentine post trapped at $ LIBRA Crypto Scandal first appeared in 99Bitcoins.